Tesla tops profit forecasts, says 2021 deliveries on track to exceed target
Tesla Inc. reported better-than-expected second-quarter earnings, buoyed by strong demand for its electric vehicles as it suggested that deliveries this year may exceed its longer-term projections for 50% growth.
The results mark the eighth straight quarter of profit for the 18-year-old company, which now employs about 80,000 people. The company earned $1.1 billion in the April-through-June period, the first time its quarterly profit has surpassed $1 billion. Tesla is expanding on three continents, including constructing new factories in Austin, Texas, and Berlin. The company confirmed a forecast for 50% growth in deliveries “over a multiyear horizon,” but added, “in some years we may grow faster, which we expect to be the case in 2021.”
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Tesla tops $1 billion in profit, delays Semi launchTesla Inc. late Monday beat Wall Street expectations for its second quarter, with sales nearly doubling and the Silicon Valley electric-car maker calling for...
Weiterlesen »
Tesla reports more than $1 billion in net income during Q2, up tenfold from a year agoElon Musk's electric vehicle company beat expectations on both top and bottom lines, and passed $1 billion in quarterly net income for the first time.
Weiterlesen »
Tesla Quarterly Profit Soars to RecordTesla posted a record quarterly profit of $1.1 billion, as it largely evaded the effects of the chip shortage that has constricted the global auto industry
Weiterlesen »
Ahead of Tesla results, Cathie Wood says Wall Street’s valuing it all wrongOur call of the day comes as investors wait for electric-vehicle giant Tesla to report later. Wall Street doesn't get it, says ARK's Cathie Wood.
Weiterlesen »
Tesla and more: Goldman Sachs names 10 electric vehicle stocks to buy right nowNew for subscribers: Tesla and more: Goldman Sachs names 10 electric vehicle stocks to buy right now. Check out CNBCPro today.
Weiterlesen »
Apple, Amazon, Tesla Among the Giants Set to Post Results180 members of the S&P 500 are scheduled to provide quarterly updates starting Monday, giving investors insight into the impact from the pandemic, the Delta variant and increased business costs
Weiterlesen »